Objective
To position capital to provide Shareholders with an attractive quarterly income and long term total return, without chasing excessive risk.
Management group
Tier One Capital
Launch date
24/01/2017
Domicile
United Kingdom
Fund manager
Ian McElroy, Jeff Fryer, Tristan de Gabiole, Chris Bull, Emma Black, Stewart Watson, Stewart Smith, Neil Marshall, Brendan O’Grady
Dividend frequency
Quarterly
Wind-up provisions
The Company's Articles of Association (the 'Articles') provide that the Directors are required to propose an ordinary resolution that the Company continue its business as presently constituted (the 'Continuation Resolution') at the fifth Annual General Meeting (AGM) of the Company and at each third AGM of the Company thereafter. The Continuation Resolution was brought forward and approved by shareholders at the 29 March 2021 General Meeting. As the Continuation Resolution was proposed early, the Company amended its Articles of Association accordingly so that the next Continuation Resolution will be proposed at the annual general meeting to be held in 2024 and at each third AGM thereafter.
Market Cap (m) Total assets (m) Price (last close) NAV Discount / premium (%) Gearing (%) Dividend yield (%) Dividend dates Ongoing charge (%)
20.02 24.26 78.00 78.91 -1.16 0 5.13 Feb, May, Aug, Nov 2.7 (30/11/2023)
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Dividends

Dividends declared in last 12 months

Ex-Dividend date Payment date Dividend amount Special dividend Financial year
07/03/2024 28/03/2024 1.000 No 2023
07/12/2023 28/12/2023 1.000 No 2023
07/09/2023 29/09/2023 1.000 No 2023
08/06/2023 30/06/2023 1.000 No 2023
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Performance (%)

Return type 1 year 3 years 5 years 10 years
Develop North Share price total return -4.7 4.5 -6.4 N/A
Property - Debt AIC sector Share price total return 1.4 10.1 3.4 55.0
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Share structure

Number of shares
25,667,856

Traded volumes (number of shares)

  Yesterday 1 month 1 year 5 years
Total 55,255 15,477 1,264,430 5,560,799
Average N/A 3,368 5,076 4,350
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Traded values (m)

  Yesterday 1 month 1 year 5 years
Total 0.04 0.01 1.03 5.08
Average N/A 0.00 0.00 0.00
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Trading details

ISIN TIDM Traded currency Stock exchange
GB00BD0ND667 DVNO GBX London Stock Exchange - MAIN
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Top holdings

Data as at : 31/05/2022

Investment % of total assets
Loans At Amortised Cost 73.6
Investments Held At Fair Value 25.4
Cash And Cash Equivalents 0.9
Other Receivables And Prepayments 0.1

Morningstar logo Data provided by Morningstar.

FE fundinfo logo Company documents provided by FE fundinfo.